Two years after businesses spent tens of millions of dollars to defeat a corporate tax measure, they are pouring money into qualifying their own initiatives for the November ballot.
Grocery companies have raised and spent more than $2 million over the last year on paid signature gatherers, advertising and other costs to advance a proposal that would ban taxes and fees on sales of food, Initiative Petition 37.
Meanwhile, a broader group of businesses is coalescing around a proposal that would make it more difficult for lawmakers to raise revenue through taxes and fees. Supporters of Initiative Proposal 31 have raised and spent nearly $400,000 as of Monday, according to state campaign finance records.
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